Erika Ilves Sells 217,099 Shares of TMC the metals company Inc. (NASDAQ:TMC) Stock

TMC the metals company Inc. (NASDAQ:TMC) insider Erika Ilves sold 217,099 shares of TMC the metals stock in a transaction on Monday, December 30th. The shares were sold at an average price of $1.11, for a total value of $240,979.89. Following the completion of the transaction, the insider now owns 998,170 shares of the company’s stock, valued at approximately $1,107,968.70. The trade was a 17.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

TMC the metals Stock Up 4.2 %

TMC the metals stock opened at $1.25 on Friday. The stock has a 50-day simple moving average of $0.92 and a 200 day simple moving average of $1.05. The stock has a market capitalization of $405.33 million, a price-to-earnings ratio of -4.03 and a beta of 1.62. TMC the metals company Inc. has a 12-month low of $0.72 and a 12-month high of $2.07.

Hedge Funds Weigh In On TMC the metals

Large investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in TMC the metals during the 3rd quarter valued at about $44,000. Tidal Investments LLC raised its stake in shares of TMC the metals by 32.6% during the third quarter. Tidal Investments LLC now owns 485,332 shares of the company’s stock worth $514,000 after buying an additional 119,335 shares during the last quarter. Finally, Old West Investment Management LLC raised its stake in shares of TMC the metals by 100.0% during the third quarter. Old West Investment Management LLC now owns 1,593,230 shares of the company’s stock worth $1,689,000 after buying an additional 796,615 shares during the last quarter. 4.39% of the stock is currently owned by institutional investors and hedge funds.

About TMC the metals

TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.